UDR, Inc. (NYSE:UDR) – Equities researchers at KeyCorp issued their FY2017 EPS estimates for UDR in a research report issued on Wednesday. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will post earnings of $1.87 per share for the year. KeyCorp also issued estimates for UDR’s Q4 2017 earnings at $0.48 EPS and Q1 2018 earnings at $0.48 EPS.
Several other analysts have also commented on UDR. Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 price objective on shares of UDR in a report on Friday, September 1st. UBS Group raised UDR from a “neutral” rating to a “buy” rating and upped their target price for the company from $39.00 to $43.00 in a research note on Friday, September 8th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $42.00 target price on shares of UDR in a research note on Wednesday, September 13th. Robert W. Baird raised UDR from a “neutral” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Thursday, October 5th. Finally, BMO Capital Markets set a $40.00 target price on UDR and gave the company a “hold” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. UDR presently has a consensus rating of “Hold” and an average target price of $40.38.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.24 annualized dividend and a yield of 3.25%. UDR’s dividend payout ratio (DPR) is currently 116.98%.
In other news, Director Clinton D. Mcdonnough acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of $38.17 per share, with a total value of $76,340.00. Following the completion of the purchase, the director now directly owns 9,000 shares in the company, valued at $343,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas W. Toomey sold 20,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $39.20, for a total value of $784,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,127,925 shares in the company, valued at approximately $44,214,660. The disclosure for this sale can be found here. In the last three months, insiders sold 57,500 shares of company stock worth $2,204,950. 3.07% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in UDR. Quantitative Investment Management LLC lifted its position in shares of UDR by 429.7% during the 2nd quarter. Quantitative Investment Management LLC now owns 151,500 shares of the real estate investment trust’s stock worth $5,903,000 after purchasing an additional 122,900 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of UDR by 10.4% in the third quarter. Parametric Portfolio Associates LLC now owns 356,028 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 33,449 shares during the period. ING Groep NV lifted its stake in shares of UDR by 69.1% in the third quarter. ING Groep NV now owns 23,124 shares of the real estate investment trust’s stock worth $879,000 after acquiring an additional 9,448 shares during the period. WESCAP Management Group Inc. lifted its stake in shares of UDR by 55.1% in the third quarter. WESCAP Management Group Inc. now owns 10,949 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 3,890 shares during the period. Finally, Norinchukin Bank The lifted its stake in shares of UDR by 7.3% in the third quarter. Norinchukin Bank The now owns 19,915 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 1,360 shares during the period. 96.52% of the stock is currently owned by institutional investors.
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UDR Company Profile
UDR, Inc is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. The Company’s segments are Same-Store Communities and Non-Mature Communities/Other.
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